Vietnam’s imports of cars from China surge

Vietnam's imports of cars from China surge

In the first quarter of 2021, the volume of vehicle imports from China to Vietnam has increased five times over the same period last year.

According to statistics from the General Administration of Customs, Vietnam has imported 3,900 vehicles from China in the first three months of this year, a five-fold increase from 655 in the same period last year. It is no accident that the number of cars imported from China has grown so fast.

Recently, some Chinese models such as Beijing, Brilliance, and BAIC have entered Vietnam in large numbers.

Despite the rapid increase in the number of Chinese cars, in fact, it still ranks third, behind Thailand and Indonesia. In the first quarter of 2021, the nationwide import volume of complete vehicles was 35,360, an increase of 31.1% over the same period last year.

Vehicles imported from Vietnam are mainly vehicles with less than 9 seats and trucks, accounting for 92% of the total. Among them, in the first quarter, Vietnam imported more than 23,000 cars (small cars) with less than 9 seats.

Among them, cars from Thailand and Indonesia accounted for 80% of the country’s total imports. Thailand ranked first with 19,300 vehicles, an increase of 56% over the same period last year. The number of Indonesian cars dropped by 26% compared with the first quarter of 2020, reaching only 8,950 vehicles, ranking second.

Indonesia is a country that exports cheap cars to Vietnam, and there are some well-known brands such as Mitsubishi Xpander and Suzuki XL7. At the same time, all the pickup trucks currently sold on the Vietnamese market are from Thailand, except for the low to mid-range station wagons.